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3317 North Sheffield Avenue...

Berkshire Hathaway HomeServices Chicago Acquires Multifamily Property In Chicago For $1.2M
SOLDMultiFamily

Berkshire Hathaway HomeServices Chicago Acquires Multifamily Property In Chicago For $1.2M

3317 North Sheffield Avenue, Chicago, IL, USA

$1,200,000

$230/SF

Building Size

5,200 SF

Asset Type

MultiFamily

Closing

Jul 8, 2021

AI

A multifamily property located at 3317 N Sheffield Ave in Chicago has been sold for a price of $1,200,000. The property was marketed for sale and the transaction was closed on July 9, 2021. The property is situated in the Chicago market and falls under the category of multifamily assets.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,200,000
  • Date: 07/09/2021
  • Address: 3317 N Sheffield Ave, Chicago
  • Market: Chicago

The sale of this multifamily property was facilitated by Mario Greco, Cyrus Seraj, and Jay Elsberry from Berkshire Hathaway HomeServices Chicago. They acted as the brokers in the deal, representing the parties involved in the transaction.

Players

Mario Greco

Compass

Broker

$18.7M

vol

9 deals

Broker

Chicago MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

13.22%

Cash-on-Cash

-3.78%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93